Here you can see a triangle has been formed, the rally after breakout has somewhat exhausted yet, the price is taking support from the 200MA which is a good sign for the stock to still go higher.
You can take a position if you want on Monday, @33.20, and Target for
1st Target: Between 36 to 37
2nd Target: Between 41 to 42
SL: Look for a right SL in a smaller time frame (Eg: 15 MIN) you can see a good SL @32.75
OVERALL Risk to REWARD Ratio: 1:5 for the first target,
1:8 for the second target.
Comment your VIEWS on THIS
Disclaimer: Just for Educational purposes. Not financial tips or advice.
You can take a position if you want on Monday, @33.20, and Target for
1st Target: Between 36 to 37
2nd Target: Between 41 to 42
SL: Look for a right SL in a smaller time frame (Eg: 15 MIN) you can see a good SL @32.75
OVERALL Risk to REWARD Ratio: 1:5 for the first target,
1:8 for the second target.
Comment your VIEWS on THIS
Disclaimer: Just for Educational purposes. Not financial tips or advice.